Security in the Interest of Revenue

(1) The assessing authority may, where it appears necessary to him so to do-- (a) for the proper realization of any tax, penalty or other sums due or payable under this Act; or (b) for the proper custody or use of forms prescribed under this Act or the rules framed thereunder; or (c) as a condition for the grant or as the case may be, the continuance in effect of registration certificate, by an order in writing and for reasons to be recorded therein, direct, before the grant of or, as the case may be, at any time while the certificate of registration is in force, that the dealer or the person concerned shall furnish, in the prescribed manner and within the specified time; such security or if the dealer or the person' concerned has already furnished such security, such additional security of any nature, as may be specified for all or any of the aforesaid purposes. (2) The assessing authority may, by order in writing and for sufficient reasons to be recorded therein, demand from any person (other than a registered dealer) who imports into the State of Uttarakhand any consignment of goods, reasonable security for ensuring that there is no evasion of tax. (3) No dealer or the person concerned shall be required to furnish any security or additional security under this section by the assessing authority unless he has been given an opportunity of being heard.